Description
Want to know when three consecutive bullish or bearish candles happen?
This indicator will signal the next opening candle when the above condition is met.
USE IT AS A cBOT TOO!
using System;
using System.Collections.Generic;
using System.Linq;
using System.Text;
using cAlgo.API;
using cAlgo.API.Collections;
using cAlgo.API.Indicators;
using cAlgo.API.Internals;
namespace cAlgo
{
[Indicator(IsOverlay = false, TimeZone = TimeZones.UTC, AutoRescale = false, AccessRights = AccessRights.None)]
public class ConsecutiveCandlesIndicator : Indicator
{
[Output("Bullish Signal", LineColor = "Green", PlotType = PlotType.Histogram)]
public IndicatorDataSeries BullishSignal { get; set; }
[Output("Bearish Signal", LineColor = "Red", PlotType = PlotType.Points)]
public IndicatorDataSeries BearishSignal { get; set; }
protected override void Initialize()
{
}
public override void Calculate(int index)
{
if (index >= 3)
{
bool isBullishSignal = IsConsecutiveBullishCandles(index);
bool isBearishSignal = IsConsecutiveBearishCandles(index);
if (isBullishSignal)
{
BullishSignal[index] = Bars.OpenPrices[index];
}
else if (isBearishSignal)
{
BearishSignal[index] = Bars.OpenPrices[index];
}
else
{
BullishSignal[index] = double.NaN;
BearishSignal[index] = double.NaN;
}
}
else
{
BullishSignal[index] = double.NaN;
BearishSignal[index] = double.NaN;
}
}
private bool IsConsecutiveBullishCandles(int index)
{
return IsBullishCandle(index - 1) && IsBullishCandle(index - 2) && IsBullishCandle(index - 3);
}
private bool IsConsecutiveBearishCandles(int index)
{
return IsBearishCandle(index - 1) && IsBearishCandle(index - 2) && IsBearishCandle(index - 3);
}
private bool IsBullishCandle(int index)
{
return Bars.ClosePrices[index] > Bars.OpenPrices[index];
}
private bool IsBearishCandle(int index)
{
return Bars.ClosePrices[index] < Bars.OpenPrices[index];
}
}
}
is.villaescusa
Joined on 23.02.2023
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: Three consecutive.algo
- Rating: 0
- Installs: 711
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Comments
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nice starting point for comparing different candle patterns. one little nice change might be to define how many candles in a row, rather than a static 3. this code might work:
[Parameter("Number in a row", DefaultValue = 3, MinValue = 1, MaxValue = 6, Group = "Standard")]
public int ConsecutiveCount
{
get;
set;
}
private bool IsConsecutiveBullishCandles(int index)
{
bool isConsecutive = true;
for (int i = 1; i <= ConsecutiveCount; i++)
{
isConsecutive = isConsecutive && IsBullishCandle(index - i);
}
return isConsecutive;
}
private bool IsConsecutiveBearishCandles(int index)
{
bool isConsecutive = true;
for (int i = 1; i <= ConsecutiveCount; i++)
{
isConsecutive = isConsecutive && IsBearishCandle(index - i);
}
return isConsecutive;
}
just a thought.. cheers...